Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Cable One, Inc. (NYSE: CABO – Get Rating ) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 13,099 shares of the company’s stock, valued at approximately $9,325,000. Cable One comprises 1.4% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 14th largest holding. Leith Wheeler Investment Counsel Ltd. owned approximately 0.23% of Cable One at the end of the most recent quarter.
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Several other hedge funds and other institutional investors also recently made changes to their positions in CABO. HighTower Advisors LLC purchased a new position in Cable One in the first quarter valued at $214,000. Raymond James Trust NA increased its stake in Cable One by 6.3% in the first quarter. Raymond James Trust NA now owns 187 shares of the company’s stock valued at $274,000 after acquiring an additional 11 shares during the last quarter. Aviva PLC raised its stake in Cable One by 1,312.1% in the first quarter. Aviva PLC now owns 4,081 shares of the company’s stock valued at $5,976,000 after acquiring an additional 3,792 shares in the last quarter. Bridgewater Associates LP purchased a new position in Cable One in the first quarter valued at $489,000. Finally, Federated Hermes Inc. raised its stake in Cable One by 19.4% during the first quarter. Federated Hermes Inc. now owns 899 shares of the company’s stock worth $1,316,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s shares.
Internal activity
In other news, Director Thomas Sinikson Gainer acquired 100 shares of Cable One stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average price of $709.30 per share, for a total value of $70,930.00. Following the purchase, the director now owns 2,420 shares in the company, valued at $1,716,506. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.
Performance at a cable price
Shares of NYSE:CABO traded up $2.84 during midday trading on Friday, reaching $653.89. 71,216 shares of the company’s stock traded hands, compared to its average volume of 66,134. Cable One, Inc. has a 1-year low of $609.85 and a 1-year high of $1576.49. The company has a market cap of $3.75 billion, a P/E ratio of 18.11 and a beta of 0.83. The company has a debt-to-equity ratio of 2.13, a quick earnings ratio of 1.42, and a current ratio of 1.42. The company has a fifty day simple moving average of $743.49 and a two hundred day simple moving average of $788.14.
Cable One (NYSE:CABO – Get Rating ) last announced its earnings results on Thursday, February 23rd. The company reported $8.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.56 by ($3.62). Cable One had a net margin of 13.72% and a return on equity of 19.71%. The business had revenue of $425.52 million for the quarter, compared to analysts’ expectations of $422.84 million. Equities analysts predict that Cable One, Inc. will post 57.11 EPS for the current fiscal year.
Cable One declares dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st were given a dividend of $2.85 per share. The ex-dividend date of this dividend was Friday, February 17th. This represents an annualized dividend of $11.40 and a dividend yield of 1.74%. Cable One’s dividend payout ratio (DPR) is 31.57%.
Analysts set new price targets
CABO has been the subject of a number of analyst reports. Raymond James reduced their target price on Cable One from $1,200.00 to $900.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. StockNews.com assumed coverage on Cable One in a report on Thursday. They issued a “hold” rating on the company. KeyCorp decreased their price objective on Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating on the stock in a research report on Friday, February 24th. Wells Fargo & Company downgraded Cable One from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $850.00 to $680.00 in a research report on Tuesday, February 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Cable One from $800.00 to $785.00 and set a “neutral” rating on the stock in a research report on Monday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cable One currently has a consensus rating of “Hold” and an average target price of $1,105.71.
Cable One profile
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Cable One, Inc is committed to providing data, video and voice services to residential and business customers. It provides consumers with a range of communications and entertainment services, including Internet and wireless optical solutions, cable television and telephone services under the Sparklight brand.
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